Furthermore a ‘Bullish Engulfing’ chart pattern is existing. The candles show ‘Bullish Engulfing’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 1.67149 |
Current Price | 1.66214 |
Next Low | 1.65803 |
2nd Low | 1.64748 |
3rd Low | 1.63613 |
Trading Signals: FOREX – EUR – EUR/AUD – AUD – Bullish Engulfing